Small Maryland Town With 5% Equity In Trulieve's Operation Wants Its Fair Share Of The Profits
Portfolio Pulse from Jelena Martinovic
The small town of Hancock, Maryland, which holds a 4.99% equity stake in Trulieve Cannabis' local operation, is seeking its fair share of the company's profits. The town entered the cannabis industry in 2015 through a deal with Harvest Inc., which was later acquired by Trulieve. The town now wants a full accounting of Trulieve's profits, including from recreational marijuana sales. A mediation session between Trulieve and Hancock is scheduled for August 30.
August 23, 2023 | 4:14 pm
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Trulieve Cannabis may face financial implications if the town of Hancock's claim for a larger share of profits is upheld. The outcome of the August 30 mediation session will be crucial.
Trulieve Cannabis' profits could be impacted if the town of Hancock's claim for a larger share of profits is upheld. The company's financial obligations could increase, potentially affecting its bottom line. The upcoming mediation session will be crucial in determining the financial impact on Trulieve.
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